The Sun. — London, England, 1808-05-14 00:00:00

/ 1 " MI E RIA L P 4 IZ Li IA KENT HOUSE OF PEERS. FRIDAY, MAY 13. Councel wag boara at the Bar in the Appeal Virempis v. M'Queen, and turther, hearing appoint ed for to-tiiirtiiw. Toe hiiihnVitlitia Oaken' Bilk, the Army Pay tttul Cloathing,l3lll, and the Irish Stamp Duty Bill were. committed. Dttrrott' ill Lt. Lord 'ELLtmaottovali 'moved : the second reading of the Bill for the Relief of Debtors udder 201. Lard IVlottt;t objeded to the priheipte of the Bill, inasainch as it subjeded the priSoner to twelve Miniths imprisOnment without the assignment of ritly dWinft ground ; and because no discrimination as made between a fraudulent and unfortunate Mbtor., _ Lord ELLENBOROUGH wished to re&ify the opi nion of ltis,..Noble.Friend..: - The Bill tlia not impose twelve months imprisonment ; for the Creditor might relt:ase him in the interim. The only object . 4)1 the Bill was, that alter having.. been imprisoned twel;..e months. the Debtor Might demand his.dito ! charge. Enf,,Kitot was inclined to think that the Bill, .under. all its circumstances, was rather favourable to Ole •Debtor. " ' The Loan CITANCRI.LOR delivered an opinion in fAvonr of the Bill ; alter which the Bill was read a st:entni time and committed tor TtiesdaYnext.—Ad jourlied. HOUSE OF COMMONS. VJUDAY, SAY 13. n consequence of the inaccuracy, of the Copy of Lent.r front the Governor of the Bank of Irelatul . _ to flit! Chancellor of the Exchequer, presented ;to the'Hotise in Pnr-,unuce of a • former Order, .111(..,' FO-SITH moved for the produaion-of the Original Letter.—Ordered. ',•: "Mr. FOSYLII immediately prevented the ,Letter, and stated; that thii circumstance, would induce him tb' withdraw In' the present. his Motion relative to the Charter of the Bank of Ireland.::;.. • A Mess Iv from the Lords' -annOuneed their dslti Fs' assent to the i Reirersiou Bill. Mr. Johnson, from the Office of the Chief; Se , erelary tor Irettiplzi, presented several Accounts from the Linen Board of Ireland. . . DEANE AND NLW FORESTS. After a skin explanation of hig or, which he st ate d was . principally to carry into c the Aft on this subje%',f of Ci4ries, the Second and William the Third, Mr. S.,Botntio: obtained , leAte . ti)•brirtg in a sill to increase and 'gest:rye the. Titnber on'Deane and N6wForests. Mr. 'C. DUNbAS presented'a Petition from certain Clergyniett in 13erkiltire, praying that the Stio•lnclary Curates' 101 might not..pass into a law.—Ordered to lie on the table. DISTILLATION FROM SUGAR, General, GASCOIONF, presented a Petition from the Inhabitants of the Town of Liverpool, humbly Soliciting the . House to carry into effat, during the present Seisicin, the Itepurt of the Committee ap pointed to consider the propriety of- a temporary' prOnbition of distilling from . grain. The Hon. Gentleman - had nu intention o f anticipating the de-; bate upon this important sUbjeet. He could not help observing, hOWever, that in the town which he -had' the .Honour to represent,, and from which this Petition proceeded, a' town cOntaining above 3,,00,000 inhabitant's, there was:but one opinion on the necessity of 'speedily &int something to supply the tlefwiency .in the importation' of grain into this. Country, which the present state of Europe, and-of the relations between -Great Britain . and America, must inevitably occasion. . ' • , On the question that tile Petition be brought up, Admiral HAavaY intimated, tnat it was Only in, deference to. the LN iaiature, as no measure.on the snbjett Wil4 yet before the House, that petitions of a contrary tendency had ,not been ptigented. Tire Petition was thin ordered to lie on the table. On the motion of Mr. M. FITZGERALD, the Re-, port of the Inspeetor General of 'Prisons in Ireland, made in the year:l797, was ordered to be printed: Sir CHARLES POLE postponed his notice of a mo tion for an Address to his Majesty, i.spe6ling the distribution of the Droits_of the Admiralty, which blond , for Monday, to 'Wednesday% . Ott the motion cif Sir C: Price;.n Copy was or &red to be laid beford the "House of the Order outfit,: the Board of Admiralty to ininease the Pay of mt.. Royal Navy, in April 180 q. CHILLYSTEALING. _ _ . Sir C. PRICE brought up the Report of the Child Stealing Prk.vention Bill ; which was agreet to. Oo the motion that the Bill be read a third time on WedocidaY, • The SOLICITr.E.GENERAL observed, that the pe nalties of the Bill attached to those only who "ma liciously" concealed . children. 'As it wets likely that in-few tattoo malice _would instigate to the commis sion of this crime, be conceived that the introduc tion of the ,term . " malielouidy" would generally. prevent the convidlion of the offender. Mr. Ald, , rmdn COMBE stated that ' he 'had con sulted very high legal,' authority in the framing of the Bill. Sir SAiIUET; ROMILLY thought the term " Ma liciously" the best that could be seicacd for the parpoSe. Atter a further cotiveriation, .in which the Soli, citor-G neral, Sir S. Bomilly, and Mr. E. 'Morris participated, the Speaker observed, that debate cn this !Katie& would best take place on the third reacting; Which was then fixed forVednesday. . 'Flie Interment Bill was read a third time, .and passed, O the motion of Mr. DeNDAS, there was or, tiered to be laid before the House a variety ix ,pa. rpers.. toodlog to skew the :normal reVeboe The nst India :company, from the Pi - mint-4 ofp,e llga i, Bcuares, anti-Onde, fur the last three lents; the chiirgeS of the same: Provheeti f a t the gine.. 1? ori041 ?; the gharges of Vort St. George,: St. lici c na, rho Factory at Canton, &c. . CROWN *f..AND4, Otter short 4taleinent of Abe objett ,t4otion, moved a Ite;ohlt:ori if the Eid.!so, that. in alt L 4 of inez:47t.ire, Lia ilitstiertii, wither 41 . 664 a . , v the Crown or of.the Duchy of Lancaster, Were' concerned, a clawie should be introduced fof , the purpose of enabling the , - Sury , or;s t General of the. ef Crown': I ands, ,or )he Chancel , of-of the Duchy of • Lancaster, tq' appaii3 a .comtnissipier to bilpfirt/ tend the cacrying of the Bill info.efiet its far as. re late(l 'to hii_Majesty's rights. Mr. VititTsar.ar) did not think a sufficient grourid Alad..lieen laid fora Rosolution which,--initilopinion-;.j went to impose unnecessary expence; and, hicon venience upon the parties to Bills of Inclosure.. • No instance of injury having been•done to his Majesty's rights had been stated by the lion.iGentlenua. He• wished the motion could be deferred until the Coun try Gentlemen, who were the `persons treAt nearly • interested, should receive information upon the sub let% , - • - • Mr. HUSIOS3ON replied, that many instances had occurred' in which the• interests :9f thoiCrown had been -sacrificed from the Want of such a clauSe Bills of Inclosure. He particularised one of these instances, in' the Inclosure at Sherwood Forest. As to inconveniencing the partieet to ,such Bills, the fad was, that, at present where his . Majesty's inte rests were concerned, a of Inclosure could not be introduced in the • House withodr the previous :consent of the Crown the Resolution Which be proposed tended therefore,to diminish this OstaCle. Mr. TAYLOR cot - trended, that, 'it the interests . of the Crown had in any case'heen sacrificed as the pradice now COOd s it must have been bWing:to4he negligence of the Surveyor General the - Crown Landrcluid . "SurveyorGeneral'OlWex4o andyereSti, whose peculiar duty it was to examine of closure, that they might eot trench on his Majesty's rights. He could not give his consent to the Reso liftion, because it would load the parties to Inclosure Bills with a heavy expence l without at. all tionetit, ing the interests of the Crown. .Mr. GRAHAM spoke to a similar effe&. Mr. S. BoußNis - supported the ResulUtion, and Sir J. Neweiner orposed it. ••• The CHANCELLOR of the EXCHEQUER defended the Itesolution. Übe interests of the Crown and the interests of the pubiie were .06e. and the same; and any measure that tended to pre tedt the one in this . instance must rend to prote,tt the other. He Con . ceived that the adoption of the R e solution, besides • _ affording an additional security to the ititerests of the Crow 0, would relieve. those who had those interests more :immediately in their care from what was fre quently a very. principal duty. • After a feW words front IV4, BRAND and Mr. OUSKISSON, the flesUitHiUll was put •and agreed to, DISi ILLATION FROM SUGAR. • LOrd BINNING, unders , anding that several perlons were still verrciestrous that the :potion, founded on the Report of the cotinittee, of which he had had the honour to be the Chairman, should be turthet postponed from Monday next, tor the purposepl allowing additional time to consider the evidence contained in the Report, rose to pot off the motion to Wednesday. He did this with the less reliktance, as he found that this delay would by no.nteatis re tard. the adoption of any measure on this subjea which the House might think fit to take. Admiral HARVEY declared , very warmly, that should any measure be proposed-to carry i.nrh etfea . the Report of the Cornmittee, he sispuld oppose it in every stage. The committee on the Dublin Police Bill, which 3100 d a u the Order Boult for Wednesday, was Oust potted to Friday. Ott the motion of the CLICELLOR of the.FA cnEQuLtuit was ordered, that the House at its ris in, should adjourn to Monday; but that the va r i o us anunittees should have leave to sit notwithstanding that adjournment. /111 REE PER CENTS. _ _ On the motion of the • CHANCELLOR of the E. CHEQUER ' the House resolved itselC into n Coin txnttee, to 'consider of Olowing tlir fl'olders of Three per cent. Stock, to trawler that Stock for the pur chase of Annuities. The CitexceeLoa of the EXCHRIVER then rose,• and as far as we could celled his mewling, addressed the Cbairmart nearly,as follows ; Sir, in consequence of the notice wbi'ch I , gave. yesterday, I rise to propose to theCommitiee certain Resolutions, for this purpose of enabling persenep o3 - sessing snick in the 3 percents. to transfer that stock to the Commissioniers for the reduaiot, of the itw tional debt, with the view of:obtaining in its stead equivelent annuities. Though the subjea, Sir, i s o f great importance, 1 .do not lunit that this moment the Resolutions will lead Ito any discussion, because am net disposed .to requeot that the House Will form .any opinion upon them this night. All that I intend is, '.after having brieflVexplained the nature . Of my propositibti, to move „ihe reading ot, the _f)rst reso lution profile/tit', mei thea'to propose, Sir, that yell re port progress, free whole of the ResolutiOns will he printed, and pu into the hands of Members as speedily as possibe: ; and I shall , defer any Motion for resurieng this.CLintnittee until next week, in order that full time ma be given for the due consideration of the subject, Before I proceed in . my statement, _I think it extiremely .nocessaey to-guard' myself against any milapprehemion that might otherwise arise, with respect to the tendency of the Rca-, sure which - I AM about to propose in regard to Sinking Fund. I declare to the Committee, that I riiire no idea, direaly or'indireally, of divesting the operation of the •Sieking Kind from its natural and proper objea--e , the redemption of the National.' Debt. I trust, therefore, that no pre -conceived opinion on this subjea will be allowed to prejudice the minds of the Committee. 1 shall now, Sir, state the nature ofmy propositiim, and the reasons which indeee me to recommend it to the adoption of the . Committee. I mean to prdpose that liberty be given to any. persons .possessing stock in either of the great Three per Cents. (the Consolidated or the Reduced) to transfer that Stock into the hands of the Commis sieners fine the reclnaien of the National Debt; ,and that on Filch transferhe be einlitied to receive an annuity for life, amounting to such a Wm Mar 'via above. the dividend on his stock as an accurate cal enlation of the value of the principal so transferred will prie;eribe ; faking the stock at the Current, price of the dv of transfer, and .varying the calenlation according to the age of the indivicited, t e iele e tht particulars, hovvever, I tOst'olierve, that I.we e id propose to, Lek .the poteCr.`of trausfer to undo. , 3,6 'leers ;,,o f age, .211441 e .ametin t ut. Lite ter ` to snm?, not li as i phrr, kiper:oo causr many in g otter v., e 0.3de0- di the.latter, boeense the cutuotutatieu of sinellersums would cause considerable trouble and inconvenience. ,The circa, Sireerf this measure would, eel cooceive, be, not only to tike out of the market all sue- stock at would beComesubje'a to Such commutation,- but 'oe,to : secure to the,netione the eedemption of the transfefreaehl the'prieeettlehich they were *hest the transfer was made. The Committee must be'perfeeely aware, that the operation of-the Sink 'lnt&-Fonctehas recently 'very enuch iticreese - 471116157 - i 7 de ,Theree,is every reason to believe, that by the continuance of that operation, -they-will further be inerea - eel in piNe. one cell, doubt, Sir, 11)11 if the aloes= were consistent w h pub* faith, it would be extremely desirable to give to the nation an opportunieseof redeeming the whole of the NationAleWbt at the preseut price of ale Stecks;sbe cause that would preclude the elieA which any ; (Li turn advence ut thisherice pt Stocks must haven]. tes tardingethe operation of the' Sinking Vond.----There are two objets whikth the Swking Fuirdhae in, view ; -the one to prov4e for the final redemption of the National I)bt,tZe other to keep np the : price Of Stocks in the market, se es to enable Government; whenever the exi4entiee'efthe. State require it, to make an advantiteeeuelban for the public. These objeas, .howevete's)r, are in some degree -41 con, sistent, Its setnedegree they couatera&each other. Whatever measure eilises- the funds, and thus en ables Goyernmentttehoreo . w on the, best terns, pre vents the ,Commissioners for the reduktion of the National Debt from reducing that Debt on the be e$ lermS. NOW, Sr, the measure which e pree. combine both theseerbjehi ; it will natu rally tetra'tb increese the price ot-SMCks, and it Will at the same time secure theeedetfiption, at a low PrCee of so ,much Stock as may be transferred ape:- cadent to the rise produced. All this, Sir, 61,113 t. be cenotis tethe Committee, withoeceny_deutiled ex-‘ Riaeation ; but I wish to represent, o them the inan-; net in which the redemption of the debt ,will be effected by - the purchase" of Annuities. "Every per- son who transfers his Stock In the Coaamissteners, will be entitled to Such an ennuityeAs , will tie eiol- valeta to the yelue,er the Stock, aed of hiS 'life:, the; Calculation proCeeding on the principle that the.' sum which he Would- otherwise have received -as interest, the additional sum '4ranted -as annuity; atialbe" compounttinteresrare tole w to Would re deern'the sum origtuallytratisferred within the PJriod to 'which the individual'S life will be calceleted.as likely to extend. For instance, if a person= we;s-e ilia posed to transfer: m the: Commissioners a theuemeti pounds of 3 per cents. ; and elm) the estimate. of the probable duration of his life, aed of the compound in wrest, it should be calculated that he, was entitled for that transkr to receive tw ice the amount ef interest, he would' then haveee right to an ennui-, ty Mr life of six , per cent., or sixty poureis on rh-ti . whole stein ; ,the 'calculation proct4dieg en the prine. ciple, that the accumulation of the additional thirty poends woilki, 'at the probable close of that eersoll's fit;', he equiValent to the redemption. of. -Site Sterelt. originally transferred ; , and that at the price at which it was originally transferred. Now, if the Stocks Continued to else, the redemptioteof that stun could not be etneted without this measure:- The whole- merit, therefore, Sir, of this, plan rests en the accuracy bf the expeeeation, thecehe e'tecke are . likely to rise. I ant ready to admit, t hat it the contrary should take place, the meesure wit) have tendency directly opposite - to tine which I eepeCti The subje& which requires'our most mature cotisi, deration is, whether, under ~ the circumstances in Which the Country is placed, there is not good ma- sod to believe, or rather to. be certain, teat a-cun tinuance in the application' of the means which have hitherto been used to decry ase the debt, :will pro duce a continuance of the .rise in the priceol,Stocks: Tits CoMmittee will be sorprisedeo learn, that since the negotiation for the last loan, there hasheen a rise in the Funds of six per cent. on the Stock, or, between nine and -ten per 'cent on the capital. When the loan was concluded last year, the Funds were at fie ; they are miw fie. It, therefore, the measure whieh Y am now prOpOsing had been adopted last year, -then, of whatever quantity of Stock which might heve'been converted into aneui ties' since that period, 'the - redemption would have - been secured at, sixty-two. l'eertainly do trot'eX , peo, Sir, -that. such a rapid progress in the price of Stoeks is to be:calculated upon-for the futhee; but 1' aay,' that :there is every reason to•believe, whe e ther we look at rotate L.f war or of peace, that the acieitneletien of the Sinking Fund must inevitably :keep up the price. If the blessings of peace could, be restored to the Country, the price of Stock's would unquestionably. rise. Peace has uniformly been lovindee produce that of e& ; it tends direCny Red' most. particularly to tlxit objea ; for when there is no necessity for a loan, the Sinking Fund is. left to operate itself, without counterattion or embarrassment. The etfeet of the peace which sac- • ceeded 'the Treaty of Amiens, was to raise' the Funds from 59 to 77' At that time the. capital of the debt-wag four huedred mil lions; the Sinking Fit4d five millions eight hundred thousand pounds, being an eighty-second part of the debt : now the capital of the debt was five hun dred 'and -eighty-six the ••Sitiking Fund abate ten millions, being a fifty-eighth part of the ii ,debt. - If- therefore pence were restored, there can be no doubt that the operation of 'the Sinking Feed must inevitably keep up the price of Stocks. But, even in the case of a continuance of war, there is every reason to believe, ,front eeperience, that the operation of the Sinking Fund will be sufficiently powerful, notwithstanding the counteraetionof other circernstences, to keep up the price of the *Funds. If, therefore, in either situation, of peace or war, there is good ground to believe that Stocks will in crease in price, it is a strong argument in support of a plan by which a considerable porliOn of the Public ;! Debt may , redeemed at the price at which the Stocks 'maybe 'anteeedent :to that increase. There' ; is another circumstance, Sir, which the Committee must take into their consideration in estimating the merits of the plan ; it is the probability or :improba 7 bility of persons being disposed thus to transfer their. WIC to any considerable extent, How 14r that th§po t sitiort. may exist, I cannot pretend to deter; thine; bet this I know, that as far as it may exist, it will be advantageous to the public! Jt ievery probehle,* Sir, :that many individuals' w o uld -be , strongly inclined to dispose of their Stock . tar the purchase of annuitiet; under circumitatices which" secured to thein the acquiition of an increased in- 4 60me; tile: front any risk to ,their property; and without the expence and inconvenience attending other modes of obtaining a siwilar objet, Under • this plan, those individuals woultlenjoy more . 1 ( 1 ', vantages, they ‘votild receive much better term? thari in 'any negotiation of a private nature, because the objet of the plan is not to obtain for the ptlblie any profit from the sale of annuities, but, as have before stated, to secure the redemption of that part of the Stack" transferred, at the price which it may ksaktlis t 411. 1 5ta1e;04319 , 40 1 14 114411 . 1 * hie would be given in the annuity,,. without do&ian whatever. Jt-is-rny.hope•and corsfident-ex pettation;:that'in the preseat state of-thettriatitee ,, ef the Country, I shall be: ale to procure loans in the three per, cents. Tealeernable at eighty;' its 'i%".iCtelt case, in the event of the Funds rising abovd:eo.l 4 y, - I mean to prciposethat i fie Stock so created sh ail ,uni, he .transferable. I 'now move you; et-6.646;81G that it is the opinion of .this Committee that it would tend more speedily to the redue,tion natienal debt, and to the material' accoMlnodation, of -e% cry perton potsessing property lathe three per cents. to allow that. person to :exchange' his propefty for as annuity, either upon a. single life or upotk the lives of two persons named by saint." hl "ltVl4l)tiSt4 _telt , ilispbSed ;t4:i queizitlZes; the moralitypf, a measure, by whieli pettpl : e Ilvighlbe in duced blindly to sucrified the - (unite - for theinesent. It might be said thet",if any gee chose -Ito do this at present, lie might accomplish his objeta at an in- surance-ofEce ; but was it 4ecorons. that Govtrit , 4 wept should hold oat a, temptation to a prairticeisl which smite of not the best propensities in hu , ',.:16 nathie 'Were gratified"? This appeared to.bilo so b 4 a str hjection, even were ihe pr.ril:iiee no; creased by that tetoptiltiosl ;, out the tio , estienova, s e irltether. the practice , vyketitd :net be very. much itt• creased, in which case the character of the Ct' . ) . untri would be. rendered. proliatiiitnably selfish -Atid illi betal. • • ! • Mr. Bit/040 suppbsed a Case in which fiVe•Millionit were transferx.edt , vhen the Stocks wet est ; simy '; he then stiiipci;seti,' that byte natural progress ot the , price frotiqhe operat‘eifi of , the Sinking rind, the Stocks woufd,reach st,:oy,five ; hut. thins by the acre lerate4,Pr9ress, iii cent,co l -.;,...;,,e of temo.vio4s Inueli-ftatim tee tharket, ti: would rise tiritatibrrty: in that case.ltee,neemied, Ile advantage be : deriyeA from the ineifs;ishc, hut. ILMILZia • .• : • Mr, .TIP.REI S ,I' riientfy.7;44si‘ the plan proposed to afford topersonsiiii the lo' Cr of-life to-do dem , which-v;(4dd be lii?,llly.iejtitiere ,- 10 •At the sNine - dine tie did' nut beit , fve that there were in tl,is' Coluttry, any consiiicrabie body of people Who :iisposecl to ay.lillllo.l l ' , selves of the plan, Persons of high ran co ~ 11 with easMWt77.l.n,rultie7lll - 1117.717Festit - Tiiiire`lll7sif Litutet-hvc.qurity. Trtt. Pifi hid triad a sittnetr 101 le - • eutir:ly r sled. Every ten tUtut to: beiteve,,.that capitai - and itierel-e of capital were the - obje.ms of the- diy, , and 'was it prob.,ble that s' ptlrtrito.irri'lttiTrierrii;76lrr e.iisfrnt should all 'al owe -fits phut, mai pt-:•fer tete!! rest to capi;ai ;:and that the precis:ly at hie. metal t, when the Chancellor of the . I:::..eiteqUer wati t eeittr-t ing him that capital wise iii talus ? It inyeiir ed fo - hi . nt atst)*(ahttetr4h - litt`otily's!'ated 'it - •‘Oithout awaiting. to, tuter,:thar 6t.it t h a 1111dCr.S004Cir' ent l / 3 tatlCCs ; might nut 1.)4 adviseablej, that the Van. weind of the ;‘..i of Patliabein i t, re spec-ling :the recludien_ef_tne-.Deet, and itifraetioe of taitb with the-public creditor. *DOA. (hit St (4 , i were kept fbe periodical presence iii the market of the Cuineii itenerslor the redu(tion of .11;bt, who to make certain purchasi:s ot.certain days, W;;:it.: e,vey 'might : L t e the s Ot t 0 : mark Lit ., • It, •Itowe.ver,, these-annuities.were ed to a consilerable es tent, that part of them Which exceeded O l e iatere4, • must ditninisli the disposeable sptn'.,iti the hands t ;e . Cumtnissiattexs. fox- LilC-414LICti411-0i Oebiv The consequence woold, be, that the elfea produced, and which he had just .descrihed, 4 otaP ' be materially lessened ; and the persOtt \vitt) hollgbt! Stock last week. on the faith of, the A. :It rei'ttj#, , meat, by Maid.) expeted thathis'property.wen!d: soon be , very „mud) i tiereased -iii value, would tittio' find himselfdeeeived. Thu H•tn.Gentlertiaa • hati.stated his expeCtations, that .heshould be Albit' to make Loans in the three 't i ter cent. Stock deentable at. eighty Wiett advantage would hoch-" ,- * rived from this Ite.,:was at a loss to.compreitend. 111 proportion to the sum- at which it was ti) be re - :7 deieotable by the contrat'lor, .contra4 ol . l, raise his original terms ? tie ,ha:pot :we : l n t o Liao . - gate front the merits of the kti bt Hon. GenOtpl3o,l). but . he wonld assort;hun, Chet he never yet any Chancellor el the Es.cheTter, whowy, , , a ma* for the Gentlemen in the City ; where their-interest w as concerned. . ' Mr. ROSE contended that the plan. of his ni4 l3 ' Friend. would be beneflui:d to the itictivvh!.: 4 who should transfer their Stuck for A.nnuitie,:, ina , - Is stel) as it would securetip:it Annuities withont of the dirlicuhies of recovery Attending , U: (1 Cliarf,ed upon hinds. The pub(ick'unds would thore , • fore bcpreferred, the pril.:; ice of 1. under thi.i,plau would not he injurious to ti::: pub' he, was apparent, from the circumstance ti)a:. tie: Short •Annl4ties had lately adorded an, opportunity of making such purchases. Iris: did 110E 1 )0 .14 "d " any iostance hal occurred in ‘tiltich a parent had 'de prived:l4r, child of its inheritance hi order.toint>tt. present income by ,inking capital th such purchases.' The general aiivro:ll , ,,.;(:s of the plan would greatly outwe,gli every evil that could posiil4 troul' its oPer4tinn. The Tont Plan oh 17a ti wire not ' point, because there prc:ent ineJtis wan tb be gtvair up for tuture aLlvant:tlL.4 is the ease. T his ridli illaV within the `lris; letter- of the Att, hut he W'ati persuaded .4.w:is With ill „its §pitit. When the Itetolutitnet proposed bt' his Right lion: Friend should be inspected, as tbet. would . before the Itiouw would I eit upolli;f 0 ; any dt:ei%ion, lies convinced they f.vottict be sidered us calcul'ited ultimately to accelerate the Id' de:uptiva of the debt. • Lord LI. Fvuk•ralti)weci, tha! thotigh, in a pale e ' Capital might drawl] 110111. LllV . tytkth to bt„l t. Mifs , r ed io .colutu‘trre, •yet the , Fond3 wouki xi.i, a", I f loans -would' then - tie *ir.11:11 d 9. okY i w et, lob t. as tiwy 0461. a, to the gr.:Del-a; prilleipivl iteir fr.,o,e , t meet auy.sacid-u SO , Cit Oii4ig by occi4r.ty l appreat:tliti prlCt: of tl Or i!ltt Cleat ,e 114411 () , :I to person, 1; iv In.; Jo w'=r • r Cl)afie than 'wert: to be cunt:— traJe. 'rho ulfea woul4 . 1114 t 4 WiJi4 l44 La i b, 1~ d, Ki7' I t cc d, • b;